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Gold Bearish Rejection from the Top

By:

Nenad Kerkez

Published: Sep 8, 2021, 09:50 GMT+00:00

Gold is currently moving down. I had a perfect sell from the top which is running in profits.

As the price is breaking below the MAs and 78.6 fibonacci we could see a support. If you see the daily chart, you might notice a potential head and shoulders emerging pattern. Watch for a rejection at the blue level 1788. If the market doesn’t hold 1788 then get ready for 1750.

For a look at all of today’s economic events, check out our economic calendar.

Cheers and safe trading,

Nenad

About the Author

Nenad Kerkezcontributor

M.Ec. Nenad Kerkez aka Tarantula is Elite CurrenSeas Head trader and a valued contributor to many premium Forex and trading websites.

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